Fed to Wall Street: tick tock - Commentary: Can the investment banks dig themselves out in 7months?

Fed to Wall Street: tick tock - Commentary: Can the investment banks dig themselves out in seven months?

www.marketwatch.com

NEW YORK (MarketWatch) -- Never mind that the loan balance between the Federal Reserve and Wall Street has been $0 for four weeks, time is running out for the borrowers to get their financial houses in order.

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[edit on 30-7-2008 by Maxmars]

There is a 'hard' deadline in place. But can the commercial banks pull of a fix? The Fed is telling them they have no choice.

www.marketwatch.com
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